BitConnect (BCC) is about to become a defunct digital asset, after being scheduled for delisting from the last market that supports it - the TradeSatoshi exchange.
https://twitter.com/TradeSatoshi/status/1027835265748877313
In less than a month, the last tokens would stop trading, with no price setting mechanism left for BCC. In the past, during the most active times of the pyramid scheme, BCC prices regularly increased, to achieve a constant supply of Bitcoin (BTC) income. It was the spectacular rise in BTC prices which allowed BitConnect to exist and survive for so long.
BitConnect required users to buy BCC tokens with BTC at an ever-increasing, artificially supported high price. Newcomers have paid for the dividends withdrawn by the earlier buyers, thus making the earnings similar to a Ponzi scheme.
The BitConnect project failed to relaunch in its BitConnectX incarnation, but now, there are indications that former leaders are...
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